Q3 2024 EPS Estimates for Keysight Technologies, Inc. Cut by Analyst (NYSE:KEYS)

Keysight Technologies, Inc. (NYSE:KEYS) – Stock analysts at Zacks Research decreased their Q3 2024 earnings estimates for Keysight Technologies in a research report issued to clients and investors on Monday, June 10th. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will post earnings of $1.20 per share for the quarter, down from their previous estimate of $1.29. The consensus estimate for Keysight Technologies’ current full-year earnings is $5.29 per share. Zacks Research also issued estimates for Keysight Technologies’ FY2024 earnings at $5.28 EPS, Q1 2025 earnings at $1.42 EPS, Q2 2025 earnings at $1.42 EPS, Q4 2025 earnings at $1.63 EPS and Q1 2026 earnings at $1.67 EPS.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Monday, May 20th. The scientific and technical instruments company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion.

Other equities analysts have also issued reports about the stock. Barclays upped their price target on shares of Keysight Technologies from $141.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $184.00 to $170.00 in a report on Thursday, February 15th. Robert W. Baird boosted their target price on shares of Keysight Technologies from $155.00 to $167.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Citigroup boosted their target price on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Susquehanna decreased their price target on shares of Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.33.

Keysight Technologies Stock Performance

Shares of NYSE KEYS opened at $138.13 on Wednesday. The firm has a 50 day moving average of $147.68 and a 200 day moving average of $151.03. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $24.11 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 4.69 and a beta of 1.00. Keysight Technologies has a 12-month low of $118.57 and a 12-month high of $172.72.

Insiders Place Their Bets

In other news, Director Kevin A. Stephens purchased 460 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $143.35 per share, with a total value of $65,941.00. Following the completion of the transaction, the director now owns 7,681 shares in the company, valued at approximately $1,101,071.35. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Kevin A. Stephens acquired 460 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $143.35 per share, with a total value of $65,941.00. Following the transaction, the director now directly owns 7,681 shares of the company’s stock, valued at approximately $1,101,071.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kailash Narayanan sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the transaction, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at $4,457,369.28. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Keysight Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Family Office LLC lifted its holdings in Keysight Technologies by 75.4% in the 3rd quarter. Pathstone Family Office LLC now owns 9,304 shares of the scientific and technical instruments company’s stock valued at $1,231,000 after purchasing an additional 4,000 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Keysight Technologies by 10.6% during the third quarter. HighTower Advisors LLC now owns 36,531 shares of the scientific and technical instruments company’s stock worth $4,833,000 after buying an additional 3,503 shares in the last quarter. Rhumbline Advisers boosted its holdings in Keysight Technologies by 0.5% in the third quarter. Rhumbline Advisers now owns 361,858 shares of the scientific and technical instruments company’s stock valued at $47,877,000 after purchasing an additional 1,643 shares in the last quarter. First National Advisers LLC acquired a new position in Keysight Technologies in the third quarter valued at approximately $224,000. Finally, Loomis Sayles & Co. L P boosted its holdings in Keysight Technologies by 233.7% in the third quarter. Loomis Sayles & Co. L P now owns 811 shares of the scientific and technical instruments company’s stock valued at $107,000 after purchasing an additional 568 shares in the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.